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CONTRAST

Active
Limited partnership· 12 yrs active
Boulevard Léopold(TOU) 29bis ·7500 Tournai, Belgium
KBO/BCE: BE 0547.658.436
Watch Print / PDF
Age12 yrs
Real estate1 parcel · 152 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CONTRAST is 1.6% (moderate). The 2021 annual accounts show negative equity (€-18k) and a net result of €-9k. Equity is shrinking by ~58% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.6% Moderate
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Lower-risk legal form −No NACE activity registered +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2022 was due at the National Bank by 31-07-2023. Nothing is on record today, 1128 days later. 4 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 8 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2021, that is 31-07-2022.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 31-08-2022 31 d late 2022-20413041
31-12-2020 31-07-2021 30-08-2021 30 d late 2021-61700207
31-12-2019 31-07-2020 25-08-2020 25 d late 2020-45200182
31-12-2018 31-07-2019 14-08-2019 14 d late 2019-46600413
31-12-2017 31-07-2018 23-08-2018 23 d late 2018-49900280
31-12-2016 31-07-2017 28-08-2017 28 d late 2017-55200076
31-12-2015 31-07-2016 28-09-2016 59 d late 2016-63700083
31-12-2014 31-07-2015 29-01-2016 182 d late 2016-03600085

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2014, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

Turnover€103k+4.1%
EBIT margin-10.2%-12.3pp
Net result€-9k+21.2%
Working capital€-22k-64.5%

Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 31-08-2022 with the NBB · fiscal year 2021 · micro
€-50k€0€50k€100kRevenue 2018: €100k€100kOperating result 2018: €-975€-975Net result 2018: €609€609Revenue 2019: €101k€101kOperating result 2019: €-12k€-12kNet result 2019: €-13k€-13kRevenue 2020: €99k€99kOperating result 2020: €2k€2kNet result 2020: €-11k€-11kRevenue 2021: €103k€103kOperating result 2021: €-11k€-11kNet result 2021: €-9k€-9k2018201920202021
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~58%/year over 4 fiscal years, indicative, assuming unchanged policy.
€-60k€-40k€-20k€02022: €-24k (€-26k - €-22k)2023: €-30k (€-33k - €-27k)2024: €-36k (€-41k - €-32k)2018: €2k2019: €-12k2020: €-10k2021: €-18k2018201920202021202220232024
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€103k
+4.1% 18-21
EBITDA
€-4k
- 18-21
Net profit
€-9k
+21.2% 18-21
Cash flow
€-2k
+55.8% 18-21
Total assets
€25k
-23.6% 18-21
Equity
€-18k
-87.7% 18-21
Working capital
€-22k
-64.5% 18-21
Income taxes
€60
-67.4% 18-21
Show 12 other metrics
Debt
€43k
+2.2% 18-21
Debt ≤ 1y
€34k
+14.8% 18-21
Debt > 1y
€9k
-28.9% 18-21
Current ratio
0.37
-34.2% 18-21
Quick ratio
0.34
-35.1% 18-21
Solvency
-74.2%
-145.6% 18-21
Debt / equity
-2.35
-89.4% 18-21
ROE
46.7%
-58.0% 18-21
ROA
-34.6%
-3.1% 18-21
Net margin
-8.3%
+24.3% 18-21
EBITDA margin
-3.9%
- 18-21
Interest coverage
-5.02
- 18-21
Figures by fiscal year
Fiscal year2021
Depositmicro
Revenue€103k
EBITDA€-4k
Net profit€-9k
Cash flow€-2k
Staff costs-
Income taxes€60
Dividends-
Total assets€25k
Equity€-18k
Debt€43k
of which ≤ 1y€34k
of which > 1y€9k
Working capital€-22k
Employees (FTE)-
Ratios (computed)
2021
Current ratio0.37
Quick ratio0.34
Working capital ratio-88.1%
Solvency-74.2%
Debt / equity-2.35
Long-term debt ratio-0.47
Interest coverage-5.02
Gross margin-3.6%
Net margin-8.3%
ROA-34.6%
ROE46.7%
EBITDA margin-3.9%
Days sales outstanding20d
Days payable outstanding15d
Inventory turnover97.11
Days inventory (DSI)4d
Balance-sheet composition 2021
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€25k
Fixed assets 21/28€12k
Tangible fixed assets 22/27€12k
Financial fixed assets 28€475
Current assets 29/58€13k
Stocks & contracts in progress 3€1k
Amounts receivable within one year 40/41€6k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€25k
Equity 10/15€-18k
Contributions / capital 10/11€1k
Reserves 13€100
Accumulated profits (losses) 14€-19k
Amounts payable 17/49€43k
Amounts payable after one year 17€9k
Amounts payable within one year 42/48€34k
Trade debts payable within one year 44€4k
Income statement
Turnover 70€103k
Gross operating margin 9900€-4k
Operating result 9901€-11k
Financial income 75€3k
Financial charges 65€811
Result before taxes 9903€-9k
Income taxes 67/77€60
Net result for the period 9904€-9k
Result to be appropriated 9905€-9k
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2021 · computed
5 / 100 Critical
050100
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2021. Indicative, not credit advice.

Directors

Directors & mandates

4 directors
Current directors & mandates
  • Marien Nick
    Liquidator
    State Gazette act 26063882 (20-05-2026)
    Current
    20-05-2026 → present
Historic, not recently confirmed (2)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Batard Louisette
    Managing director
    State Gazette act 19123916 (17-09-2019)
    Not recently confirmed
    last confirmed in an act from 2019
  • Marien Tom
    Managing director
    State Gazette act 18033099 (16-02-2018)
    Not recently confirmed
    last confirmed in an act from 2018
Former directors (1)
  • Delecluyse Veerle
    Manager
    State Gazette act 14210259 (20-11-2014)
    Former
    - → 31-08-2014
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary -
Legal form Limited partnership(012)
Incorporation04-03-2014
StatusActive
Postal code7500

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Boulevard Léopold(TOU) 29bis7500 Tournai

Establishment units

1 location
CONTRAST
Boulevard Léopold(TOU) 29bis, 7500 TournaiPlaatsen van tatouages en piercings
since 20142.229.142.548
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area152 m²
Buildings1
Building footprint116 m²
Volume (LiDAR)1,183 m³
Tallest building18.1 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57081E0822/00A000 Wallonia 152 m² 1 · 116 m² 18.1 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

5 acts
Address history · 2
17-09-2019
v3.2
16-02-2018
v3.2
All acts · 5 updated 3 months ago
2026
20-05-2026 General meeting · Dissolution · Approval · Officer discharge Open-capture extraction
  • Filing: 2026-05-11 · CONTRAST
  • General meeting: date: 2026-03-04, type: Extraordinaire · CONTRAST
  • Dissolution: 2026-03-04 · CONTRAST
  • Approval: date: 2026-03-04, item: comptes arrêtés au 31.12.2025 · CONTRAST
  • Officer discharge: date: 2026-03-04, role: Administrateurs · CONTRAST
  • Liquidation: date: 2026-03-04, status: clôture · CONTRAST
  • Officer appointment: date: 2026-03-04, role: liquidateur · CONTRAST
  • Officer appointment: date: 2026-03-04, role: Administrateur · CONTRAST
  • Publication: 2026-05-20
  • Act object: Liquidation & Clôture de Liquidation
Summary: General meeting · Dissolution · Approval · Officer discharge
2019
17-09-2019 Registered office moved within Tournai Registered-office change
  • Rue Curé Notre Dame 16, 7500 Tournai → Boulevard Léopold 29, 7500 Tournai
Summary: v3.2
2018
16-02-2018 Registered office moved from Kortrijk to Toumai Registered-office change
  • Burgemeester Pyckestraat 19, 8500 Kortrijk → Rue du curé Notre Dame 16, 7500 Toumai
Summary: v3.2
2014
20-11-2014 Delecluyse Veerle resigns as manager Director changes
  • Delecluyse Veerle, Zaakvoerder
Summary: v3.2
06-03-2014 Incorporation of a new Comm.VA Incorporation
Summary: oprichting

Analysis

Financial profile

5 of 5 axes measured
Health5Profitability33Solvency33Growth34Stability100
41 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 5
Profitability 33
Solvency 33
Growth 34
Stability 100

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameNL CONTRAST
Registered office
Boulevard Léopold(TOU) 29bis
7500 Tournai, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.